Value Aligned Research Advisors LLC, a renowned institutional investor, purchased 5,848 new shares of Onto Innovation Inc. (NYSE: ONTO), according to the company’s latest disclosure with the US Securities and Exchange Commission (SEC). The semiconductor firm’s net worth stands at roughly $398,000. This acquisition makes up about 0.2% of Value Aligned Research Advisors’ investment portfolio and gives Onto Innovation its 22nd prominent position.
Onto Innovation Inc. recent financial accountability conference added a feather to its cap as it announced an EPS of $1.57 for Q4 FY2020; this surpasses the consensus estimate of $1.34 by a whopping margin of $0.23. Moreover, the semiconductor company had revenues of $253.27 million in contrast to analysts’ outlooks of $252.80 million during the quarter.
Onto Innovation’s net margin is an attractive 22.22%, and the return on equity stands at 17.82%. The revenue rose by an impressive figure of 12.2% compared to last year’s same quarter earning report while also posting earnings per share (EPS) figures worth $1.23 for that period alone.
Industry professionals predict that Onto Innovation Inc.’s ability would cause them to chalk up a generation-defining feat monumental enough to consecrate their vision into an unparalleled reach of market dominance stretching far beyond expectations.
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Onto Innovation Inc: Investment Opportunities in the Semiconductor Industry
Onto Innovation Inc. is a semiconductor company that has recently experienced changes in positions from institutional investors and hedge funds. This includes Oregon Public Employees Retirement Fund, which lifted its position in Onto innovation by 0.8% during the fourth quarter. Hedge funds now own 93.59% of the company’s stock.
As for the stock itself, NYSE ONTO opened at $81.07 on Friday with a market cap of $3.95 billion, a P/E ratio of 18.06 and a beta of 1.47. The stock has a fifty-two week low of $56.02 and a fifty-two week high of $89.75, making it an intriguing investment opportunity for those looking to invest in the semiconductor industry.
Equities research analysts have weighed in on the future prospects of Onto Innovation, with Benchmark reissuing their “buy” rating and raising their target price from $85 to $92 per share, indicating optimism about Onto Innovation’s potential for growth.
Onto Innovation specializes in designing, developing, and manufacturing process control systems that range from 3D metrology spanning the chip from nanometer-scale transistors to micron-level die-interconnects to factory analytics and lithography for advanced semiconductor packaging. Their expertise lies not only in process control but in providing global scale solutions that can integrate seamlessly into existing infrastructure.
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